Question 1

Which of the following is NOT a general control?

Accepted Answer

A)  preparation of backup plans 
B)  restricted access to hardware 
C)  equipment error causing error messages to appear on the computer monitor 
D)  post-processing reviews 
A)  preparation of backup plans 
B)  restricted access to hardware 
C)  equipment error causing error messages to appear on the computer monitor 
D)  post-processing reviews

Question 2

There are three concerns or difficulties that must be overcome before the test data approach can be used by the auditor.Discuss each of these concerns.

Accepted Answer

These three concerns must be addressed b

Question 3

Which of the following is true if the general control environment is weak?

Accepted Answer

A)  The auditor will need to rely more on application controls and increase testing. 
B)  This tends to have a pervasive effect on the application control environment. 
C)  Auditing through the computer is usually the most cost-effective audit approach. 
D)  all of the above 
A)  The auditor will need to rely more on application controls and increase testing. 
B)  This tends to have a pervasive effect on the application control environment. 
C)  Auditing through the computer is usually the most cost-effective audit approach. 
D)  all of the above

Question 4

An independent auditor uses generalised audit software (GAS).The second step in using GAS, application design, might include which of the following?

Accepted Answer

A)  Develop a logical approach to extract and manipulate data obtained from the client's records. 
B)  Design the most useful format and contents of the auditor's GAS reports. 
C)  Identify and describe the client's data files and the information to which access is desired. 
D)  all of the above 
A)  Develop a logical approach to extract and manipulate data obtained from the client's records. 
B)  Design the most useful format and contents of the auditor's GAS reports. 
C)  Identify and describe the client's data files and the information to which access is desired. 
D)  all of the above

Which of the following is NOT a general control?

There are three concerns or difficulties that must be overcome before the test data approach can be used by the auditor.Discuss each of these concerns.

Which of the following is true if the general control environment is weak?

An independent auditor uses generalised audit software (GAS).The second step in using GAS, application design, might include which of the following?

Demand for audit and assurance services

Auditors’ legal environment

Audit quality and ethics

Audit responsibilities and objectives

Audit evidence

Audit planning and documentation

Materiality and risk

Internal control and control risk

Fraud auditing

Overall audit plan and audit program

Audit of the sales and collection cycle: Tests of controls and substantive tests of transactions

Completing tests in the sales and collection cycle: Accounts receivable

Audit sampling

Audit of transaction cycles and financial statement balances I

Audit of transaction cycles and financial statement balances II

Completing the audit

Audit reporting

Other auditing and assurance engagements

Filters

Exam 10: The impact of information technology on the audit process

Which of the following is NOT a general control?

There are three concerns or difficulties that must be overcome before the test data approach can be used by the auditor.Discuss each of these concerns.

Which of the following is true if the general control environment is weak?

An independent auditor uses generalised audit software (GAS).The second step in using GAS, application design, might include which of the following?

Demand for audit and assurance services

Auditors’ legal environment

Audit quality and ethics

Audit responsibilities and objectives

Audit evidence

Audit planning and documentation

Materiality and risk

Internal control and control risk

Fraud auditing

Overall audit plan and audit program

Audit of the sales and collection cycle: Tests of controls and substantive tests of transactions

Completing tests in the sales and collection cycle: Accounts receivable

Audit sampling

Audit of transaction cycles and financial statement balances I

Audit of transaction cycles and financial statement balances II

Completing the audit

Audit reporting

Other auditing and assurance engagements

Filters